• Korean Journal of Construction Engineering and Management
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• v.8 no.5
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• pp.109-118
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• 2007

It is related to launch the CM market and to increase the profit and entire ability in company that is enforcing the ability of construction management in large-scaled construction company. According to the CM market in U.S, CM market is increased with competing to the companies, that is E&C, general contractor, design firm, specialized CM firm. Also domestic market is similar to US market. In this situation, large-scaled construction companies are filled with construction management ability for competing with foreign companies and domestic CM firms. This paper suggests how to enforce the construction management ability through education, and shows the detailed education strategy considered the fields, divisions and positions.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.17 no.8
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• pp.147-156
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• 2016

This study analyzed the impact of changes in the construction business on construction company insolvency according to their size using the vector error correction model. First, this study applied EDF (Expected Default Frequency), which was calculated by KMV (Kealhofer, McQuown and Vasicek) model, as a variable to indicate the insolvency of construction companies. This study set 30 construction companies listed to KOSPI/KOSDAQ for estimating the EDF by size and construction companies were divided into two groups according to their size. To examine the construction business cycles, the amount of construction orders according to the type-residential, non-residential, and civil work- was used as a variable. The serial data was retrieved from TS2000 established by the Korea Listed Companies Association (KLCA), Statistics Korea. The analysis period was between the second quarter of 2001 and fourth quarter of 2015. As a result of calculating the EDF of construction companies by size, as it is generally known, the large-sized construction companies showed lower levels of insolvency than relatively smaller-sized construction companies. On the other hand, impulse response analysis based on VECM confirmed that the level of insolvency of large-scaled companies is more sensitive to business fluctuations than relatively smaller-sized construction companies, particularly changes in the residential construction market. Hence it is a major factor affecting the changes in insolvency of large-sized construction companies.

• Economic and Environmental Geology
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• v.55 no.1
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• pp.1-17
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• 2022

The mechanical and thermal properties of the rock masses can affect the performance associated with both the isolating and retarding capacities of radioactive materials within the deep geological disposal system for High-Level Radioactive Waste (HLW). In this study, the essential parameters for the site descriptive model (SDM) related to the rock mechanics and thermal properties of the HLW disposal facilities site were reviewed, and the technical background was explored through the cases of the preceding site descriptive models developed by SKB (Swedish Nuclear and Fuel Management Company), Sweden and Posiva, Finland. SKB and Posiva studied parameters essential for the investigation and evaluation of mechanical and thermal properties, and derived a rock mechanics site descriptive model for safety evaluation and construction of the HLW disposal facilities. The rock mechanics SDM includes the results obtained from investigation and evaluation of the strength and deformability of intact rocks, fractures, and fractured rock masses, as well as the geometry of large-scaled deformation zones, the small-scaled fracture network system, thermal properties of rocks, and the in situ stress distribution of the disposal site. In addition, the site descriptive model should provide the sensitivity analysis results for the input parameters, and present the results obtained from evaluation of uncertainty.